Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Startup fundraising in Southeast Asia dipped in July to $504 million, down 17% from June, lacking large-ticket deals.
- Greater China saw a surge in investor transactions, closing 184 deals worth almost $2.9 billion, a 17.2% increase compared to June.
- EQT is raising $12.5 billion for its new Asia-focused fund and acquiring PropertyGuru in a $1.1 billion take-private deal.
- Carlyle seeks an extension for its Asia fund, targeting $6 billion after raising $3 billion so far.
- Redbird Innovation Fund aims to back three general partners in its $64 million initiative.
- JIA Asset Management eyeing expansion after investing in Vynn Capital Mobility and Supply Chain Fund.
- Janus Henderson acquires private credit manager Victory Park Capital to expand its private credit lending footprint.
- Antler closes its second Southeast Asia fund at $72 million to support 10 local startups.
- XL Axiata and Smartfren Telecom progress in their $3.45 billion merger talks by appointing underwriters.
- Syfe raises $27 million from new and existing venture capital investors for its robo advisor platform.
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